ch25 q7b

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Cullumber Compary is considering three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows. Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 15%. (Assume that cash flows occur evenly throughout the year.) Click here to view PV table. (a) Your answer is correct. Compute the cash payback period for each project. (Round answers to 2 decimal places eg. 10.50 ) \begin{tabular}{l|l} Project Bono & years \\ Project Edge & years \\ \hline Project Clayton & years \end{tabular} Project Edge years Project Clayton years Attempts: 3 of 6 b) Your answer is incorrect. Compute the net present value for each project. (Round answars to 0 decimal piaces, e. . 125. If the net present value is negative, us either a negative sign preceding the number eg -45 or paren theses eg (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided.) eTextbook and Media Attempts: 2 of 6 used